The Oil and Gas Corporation of Newfoundland and Labrador (OilCo) has won two parcels in the Orphan basin in the Canada-Newfoundland and Labrador Offshore Energy Regulator (C-NLOER) 2026 Calls for Bids, which closed Nov. 4. The province’s energy corporation plans to bring in industry partners through negotiated farm-downs. The two parcels cover about 545,021 ha […]
The UK government has introduced legislation that would end new oil and gas exploration licences in the North Sea while creating a mechanism to support continued production from existing offshore developments. The Energy Independence Bill would remove the North Sea Transition Authority’s power to issue new licences for exploring previously unlicensed oil and gas fields. […]